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How tough is the housing market?

Most Americans—61%—who intend to buy a home in the next 12 months have been searching for a whopping three months.

Or more.

That finding comes from a recent survey conducted by the National Association of Home Builders, and includes people who are searching for both new and previously-owned homes.

What’s making the house-hunt take so long?

Some 42% of respondents told NAHB they “can’t find a home at a price I can…

 

Lack of Homes on the Market Takes a Toll on First-Time Buyers